Processors are the most important component of a computing device. Currently the major computing platform is shifting from desktop to mobile devices such as smartphones and tablets, which possess certain challenges with respect to space and power constraints. This research service assesses the current trends, drivers and challenges in processors for consumer electronics devices. Industry initiatives to tackle certain challenges have also been covered in the research service. It also assesses the different stakeholders of processor value chain and their influencing power in the electronics industry. It provides a comparative perspective of competing mobile processor technologies.